COVENTRY FINANCIAL ADVICE

Average pension in Coventry

Average pension in Coventry

When it comes to retiring, we all want to have our finances in order to fund our newfound freedom. We work all our lives to make sure those years are clear of monetary worries.

In Coventry and the West Midlands, the average cost of living for a year comes in at £22,666, which, of course, needs to be factored into any pension plan if those worries are to be avoided. On top of that, we know that locals there:

  • Have an average pension of £122,173
  • Have a life expectancy of 79 years
  • Should expect a pension shortfall of £12,617

With all that in mind, it’s clear how important financial planning is when we reach that stage in our lives. You might now be in a good position to make key decisions about your retirement; with the help of a qualified financial advisor in Coventry, you’ll be able to ensure those decisions are as informed as possible.

Property market in Coventry

A big part of your retirement plans will probably come down to where you live. Are you nicely settled in your current home? Are you thinking about a move to somewhere with different living costs? Are you ready to look at a holiday home?

All of these considerations and more will be factored into your planning, so it’s a good idea to have insights to hand to guide your decisions. As a starter for ten and an indication of what you could discuss with a financial advisor, we know that the average house price in the West Midlands is £231,429.

Depending on your current living arrangements, that could open up a whole range of possibilities for the years ahead of you. Whether it’s downsizing your home or investing in another one, you can explore all the options available to you by speaking to one of the advisors we work with in Coventry and the surrounding area.

Where do people in Coventry retire to?

Financial advice in Leamington Spa, Coventry

Leamington Spa

From Regency-era architecture to regal-quality gardens, Leamington Spa is a favourite of those who want to get out of the city and retire in peace. As a spa town with natural springs, it has plenty of tranquility to offer, but it also has bursts of adrenaline on tap at the nearby Warwick Racecourse.

Financial advice in Solihull, Coventry

Solihull

For those who don’t necessarily want to escape the city life altogether, there’s the perfect middleground to be found in Solihull. It’s ideally located between Coventry and Birmingham for that blend of city and country that many people want from retirement, plus it’s not far south of Birmingham Airport for the travel addicts amongst us.
Financial advice in Stratford-upon-Avon, Coventry

Stratford-upon-Avon

Slightly further afield but arguably more prestigious is the medieval market town in which William Shakespeare was born. There are many benefits to living and retiring in Stratford-upon-Avon, from the strolls on the quaint riverbank to the centuries of fascinating history; what’s more is that it’s located between Coventry and the Cotswolds, so locals get the best of both worlds. How much more choice could one possibly want in retirement?

Why getting financial advice is important

Rainy days have an annoying habit of creeping up on us. Sudden illness or a broken boiler can spell disaster for your savings and financial goals. That’s where thinking ahead can pay off. If you’re keen to make the most of your hard-earned money, working with a financial consultant or advisor in Coventry can help.

An advisor has the financial expertise to help you make your money work harder, by supporting you to:

  • Take advantage of tax relief
  • Make informed decisions on your investments
  • Build a solid plan to achieve your short, medium and long-term goals
  • Avoid financial pitfalls and plan for rainy days

We can help you take the first step towards financial advice if you think working with an expert could benefit you. The advisor partners we work with have decades of knowledge and we can match you with the most qualified expert for your needs in seconds. Tell us the type of advice you need and your contact details, and we’ll do the rest!

Our service

Local Financial Advice’s free advisor matching service connects people all over the UK daily with FCA-regulated experts. Wherever you’re based in Coventry, we’ll match you with the financial advice expert that’s right for you.

So whether you are looking for advice on your retirement plans, investments, wealth management, financial planning or thinking about your long-term financial future, we can help put you in contact with a trusted financial advisor who will listen to your needs.

Learn more about how we help you connect to local financial advice experts, how our free advisor matching service works and why over 900 happy customers rated us Excellent on Trustpilot.

Click to Find a Financial Advisor in Coventry

FREQUENTLY ASKED QUESTIONS

Do I Need a financial advisor Do I need a financial advisor

Do I need a financial advisor?

A financial advisor can offer valuable insight and expertise on a wide range of common financial concerns.

Key situations in which a financial advisor is likely to be valuable include:

  • Exploring your options during key life events such as retirement

  • Comparing quotes for pensions or insurance products

  • Investing large sums of money

  • Inheritance tax planning and intelligent saving

How much does an advisor cost How much does an advisor cost

How much does an advisor cost?

The cost of using a financial advisor can vary depending on your needs. You may be able to resolve your issues in a single consultation, or you may benefit from a more long-term collaboration.

At Local Financial Advice we're dedicated to providing a transparent and cost-effective experience for all customers:

  • Free, no-obligation initial consultation - Discuss your issues in detail and make a decision about whether you’d like to proceed before making any commitment.

  • Total transparency - Any costs associated with purchasing any product or service from your financial advisor will be broken down in detail.

How can I speak with my advisor? How can I speak with my advisor?

How can I speak with my advisor?

Many of the advisors we work with are flexible with how they can meet with you.

  • Your advisor will often try to first get in touch with you by phone to talk about the kind of advice you need.

  • If you decide to continue with their advice, advisors can meet you face-to-face. You can discuss any safety precautions the advisor should take if you arrange for them to visit your home.

  • Throughout your time speaking with your advisor, you may receive emails from them. These will often simply be to confirm your information or the details of future meetings you book with them.

Our Service Our Service

Is the advice one-off or ongoing?

The type of advice you need depends on your circumstances.

  • We encourage everyone we connect with an advisor to discuss their financial needs in detail so they can receive the right amount of advice.

  • You may only need one-off advice if you need help choosing a long-term product to support your retirement, such as an annuity.

  • If you need flexibility with your money, you may prefer ongoing advice from your advisor with you speaking every six months or year to see how your money is performing.

  • Whatever help you need, your advisor will clearly lay out the costs involved. These can be one-off costs or recurring, such as a fund management fee.